How we protect your cash

When you hold cash in your Investment ISA, Junior ISA, Investment Account or Cash Management Account we spread that cash across several banks for your security.

The amount we allocate to each bank is based on the table shown below. The amounts deposited with each bank and the proportions will vary throughout the day.

Bank

Percentage allocated to that bank*

Barclays Bank Plc

77%

Royal Bank of Scotland Plc

16%

Lloyds Bank Plc

7%

*These allocations are correct as of 08 June 2018 and will be updated every quarter.

Deposits held in these bank accounts are covered by the Financial Services Compensation Scheme (FSCS), which guarantees you get your money back up to a maximum of £85,000 per bank in the event of financial problems. Any other deposits you hold with the bank(s) we use will also count towards this limit.

Current rate of interest

In this low interest rate environment, we are not paying any interest on cash held in your accounts. If this changes, we’ll update this page to let you know. Interest will be calculated daily and paid into your account after the end of every month, less any applicable withholding tax.

Charges

We currently don’t charge a service fee for holding your cash. However, we reserve the right to retain an amount of up to 0.25% of the interest received from the bank(s) we deposit your money with to cover the cost of providing the service.

Other Fidelity Sites

Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact your financial adviser. Before opening an account, please read the ‘Doing Business with FundsNetwork’ and FundsNetwork Client Terms. If you are investing via the FundsNetwork Pension you should also read the FundsNetwork Pension Key Features document and FundsNetwork Pension Terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.